ProfitSolv has secured a significant strategic investment co-led by FTV Capital and Lightyear Capital, aimed at advancing product innovation and enhancing payments services. The company, established in 2020 and comprising various practice management and billing platforms for legal and professional services, serves approximately 21,000 businesses, processing over $20 billion in invoicing annually. While discussions for a potential sale had been previously reported, this investment suggests continued investor confidence and commitment to expanding ProfitSolv's market presence through acquisitions and improved offerings.
ProfitSolv has secured significant investment co-led by FTV Capital and Lightyear Capital to enhance product innovation, strengthen payments offerings, and pursue acquisitions.
This strategic investment marks a turning point for ProfitSolv, which combines several legal and professional services software platforms under its umbrella, serving around 21,000 clients.
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